Polar Resources – First day of trading and publication of Information Document

Oslo, 9 July 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT A PROSPECTUS AND DOES NOT CONSTITUTE A PUBLIC OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Polar Resources AS (the “Company” or “Polar Resources”) refers to the announcement published on 25 June 2026 regarding the admission to trading of the Company’s shares on Euronext Growth Oslo (the “Listing”). The Company has prepared the attached information document solely for the purpose of the Listing. The information document will also be made available on the Company’s website: www.polarresources.no.

The first day of trading in the Company's shares on Euronext Growth Oslo will be today, 9 July 2026, under the ticker "POLAR" and ISIN NO0013756361. The Company has 14,252,857 issued shares, each with a par value of NOK 0.01333 (rounded).

Further reference is made to the announcement made 2 July 2026, regarding the successful completion of a private placement and retail offering in which the Company raised a total of NOK 50 million in gross proceeds (the “Offering”). The Offering attracted significant interest from Nordic and international investors, with more than 750 new shareholders.

Julien Balkany, Chairman of Polar Resources commented: "Listing Polar Resources on Euronext Growth Oslo and gaining access to the Norwegian equity capital markets is an important milestone for Polar Resources. Today's start of public trading marks the beginning of a new exciting chapter for Polar Resources built on ambition, growth and long-term value creation for our shareholders."

Advisers:

SB1 Markets AS is acting as Euronext Growth Advisor in connection with the Company’s admission to trading on Euronext Growth Oslo.

Advokatfirmaet BAHR AS is acting as legal counsel to the Company.

Enquiries

Henno Grenness, Chief Executive Officer Tel: +47 911 44 658 Email: investors@polarresources.no

About Polar Resources

Polar Resources AS is a Norwegian natural resources company focused on mineral exploration in Norway and also selectively pursuing oil and gas acquisitions with an initial geographical focus on Europe, Latin America and South-East Asia. Polar Resources AS currently holds exploration licences covering four areas in Central Norway with reported occurrences of copper and zinc mineralisation. Visit us at: www.polarresources.no Follow us on LinkedIn

IMPORTANT NOTICE This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

More information: Access the news on Oslo Bors NewsWeb site

677866_Polar Resources -First day of trading and publication of Information Document.pdf 677866_Polar Resources AS - Information Document.pdf